ANALISIS DETERMINAN KUALITAS PELAPORAN KEUANGAN PERUSAHAAN NON JASA KEUANGAN DI BURSA EFEK INDONESIA
Article Sidebar
Leverage,
Size of Company,
Cash Flow Volatility,
Sales Volatility,
Operating Cycle,
Proportion of Loss,
Intensity of Intangible Assets,
Capital Intensity
Main Article Content
Abstract
This study aims to analyze the determinants that affect the quality of financial reporting, which constitutes leverage, company size, cash flow volatility, sales volatility, company operating cycle, loss proportion, intangible asset intensity, and capital intensity. We used the WarpPLS 7.0 program in analyzing the secondary data. The sample in this study were non-financial service companies selected through the purposive sampling technique in the period 2015-2019. The research method used is the descriptive quantitative method with regression analysis. The research results showed that leverage, company size, and capital intensity had a significant and positive effect on the quality of financial reporting. Meanwhile, the operating cycle, the proportion of losses, and the intensity of intangible assets had a significant and negative effect on financial reporting quality. However, cash flow volatility and sales volatility produced an insignificant effect on the quality of financial reporting.
Article Details
References
Adedapo, K., & Samuel, L. (2019). Firm Characteristics and Financial Reporting Quality: Evidence from Non-Financial Firms in Nigeria. International Journal of Economics, Management and Accounting, 27(2), 445–472.
Alfian, S. (2013). Faktor-faktor yang berpengaruh terhadap Pemilihan Konservatisme Akuntansi. 15(1), 1–9. https://ejournal.undiksha.ac.id/index.php/S1ak/article/view/4389
Alves, S., & Martins, J. (2014). The impact of intangible assets on financial and governance policies: a simultaneous equation analysis. Journal of Applied Finance & Banking, 4(1), 61–89.
Athanasakou, V., & Olsson, P. (2012). Earnings Quality , Corporate Governance , and Earnings Quality. Unpublished Working Paper.
Barth, M. E., Beaver, W. H., & Landsman, W. R. (2001). The relevance of the value relevance literature for financial accounting standard setting : another view $. 31, 77–104.
Beest, F. van, Braam, G., & Boolens, S. (2009). Quality of Financial Reporting : measuring qualitative characteristics. April, 1–41.
Braam, G., & Beest, F. van. (2013). A Conceptually-Based Empirical Analysis on Quality Differences between UK Annual Reports and US 10-K Reports. Journal of Modern Accounting and Auditing, 9(10), 1281–1301. https://doi.org/10.1111/joa.12037
Chen, Z., Lam, W., & Zhong, J. A. (2007). Leader-member exchange and member performance: A new look at individual-level negative feedback-seeking behavior and team-level empowerment climate. Journal of Applied Psychology, 92(1), 202–212. https://doi.org/10.1037/0021-9010.92.1.202
Cohen, D. A. (2006). Does Information Risk Really Matter? An Analysis of the Determinants and Economic Consequences of Financial Reporting Quality. SSRN Electronic Journal, January. https://doi.org/10.2139/ssrn.896102
Dechow, P. M., & Dichev, I. D. (2002). The Quality of Accruals and Earnings: The Role of Accrual Estimation Erorrs. The Accounting Review2, 77, 35–39. http://ovidsp.ovid.com/ovidweb.cgi?T=JS&CSC=Y&NEWS=N&PAGE=fulltext&D=psyc6&AN=2008-99110-363%5Cnhttp://oxfordsfx.hosted.exlibrisgroup.com/oxford?sid=OVID:psycdb&id=pmid:&id=doi:&issn=0419-4209&isbn=&volume=68&issue=12-A&spage=4982&pages=4982&date=2008&tit
Dechow, P. M., & Skinner, D. J. (2000). Earnings Management: Reconciling the Views of Accounting Academics, Practitioners, and Regulators. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.218959
Delgado, F. J., Fernandez-Rodriguez, E., & Martinez-Arias, A. (2012). Size and other Determinants of Corporate Effective Tax Rates in US Listed Companies. International Research Journal of Finance and Economics, 98, 160–165. http://www.internationalresearchjournaloffinanceandeconomics.com
Eriyanto. (2015). Analisis Isi: Pengantar Metodologi Untuk Penelitian Ilmu Komunikasi dan Ilmu-ilmu Sosial Lainnya. Prenadamedia Group.
Fanani, Z. (2009). Kulitas Pelaporan Keuangan : Berbagai Faktor. Jurnal Akuntansi Dan Keuangan Indonesia, 6(1), 20–45.
________. (2010). Analisis Faktor-Faktor Penentu Persistensi Laba. Jurnal Akuntansi Dan Keuangan Indonesia, 70(1), 109–123. http://jaki.ui.ac.id/index.php/home/article/viewFile/170/170
Fitriani, S. V., Nurhayati, & Sukarmanto, E. (2017). Pengaruh Arus Kas Bebas, Capital Intencity Ratio dan Ukuran Perusahaan Terhadap Manajemen Laba. Prosiding Akuntansi, 8–15.
Francis, J., LaFond, R., Olsson, P., & Schipper, K. (2005). The market pricing of accruals quality. Journal of Accounting and Economics, 39(2), 295–327. https://doi.org/10.1016/j.jacceco.2004.06.003
Ghozali, I., & Latan, H. (2017). Partial Least Squares Konsep, Metode dan Aplikasi Menggunakan Program WarpPLS 5.0 (3rd ed.). Badan Penerbit Universitas Diponegoro.
Gu, Z., C.J, L., & J.G., R. (2002). Information Environment and Accrual Volatility.
Hassan, S. U., & Bello, A. (2013). Firm Characteristics and FInancial Reporting Quality of Listed Manufacturing Firms in Nigeria. Jurnal Akuntansi, 1(6), 47–63. http://dx.doi.org/10.1016/S2212-5671(15)01100-4%0Ahttp://dx.doi.org/10.1016/S2212-5671(15)01091-6
Hayn, C. (1995). The information content of losses. Journal of Accounting and Economics, 20(2), 125–153. https://doi.org/10.1016/0165-4101(95)00397-2
Hidayat, W., & Elisabet. (2010). Faktor-faktor yang Mempengaruhi Kualitas Pelaporan Keuangan pada Perusahaan Manufaktor yang Go Public di Indonesia. 1.
Holthausen, R. W., & Leftwich, R. . (1983). The Economic Consequences Of AccountingChoice: Implications of Costly Contracting and Monitoring. Journal of Accounting AndEconomics, 5(1), 77–117.
IASB. (2008). Exposure draft on an improved conceptual framework for financial reporting: The objective of financial reporting and qualitative characteristics of decision-useful financial reporting information. International Accounting Standard Boards.
PSAK No. 19 Par. 08 Revisi, (2018).
Ikatan Akuntan Indonesia. (2018). Standar Akuntansi Keuangan. Ikatan Akuntan Indonesia.
Jao, R., & Pagalung, G. (2011). Corporate Governance, Ukuran Perusahaan, Dan Leverage Terhadap Manajemen Laba Perusahaan Manufaktur Indonesia. 8(1), 43–54.
Jensen, C., & Meckling, H. (1976). Theory of firm : managerial behavior agency costs and ownership structure. Journal of Financial Economics 3, 3, 305–360.
Jonas, G. J., & Blanchet, J. (2000). Assessing Quality of Financial Reporting. Accpunting Horizons, 14, 353–363.
Keown, A. J., Martin, J. D., Petty, J. W., & David F. Scott, J. (2008). Financial Management: Principles and APlications (10th ed.). PT Indeks.
Kieso, D. E., Weygant, J. J., & Warfield, T. D. (2014). Intermediate Accounting IFRS Edition (2nd ed.). Willey.
Kythreotis, A. (2014). Measurement of financial reporting quality based on IFRS conceptual framework’s fundamental qualitative characteristics. European Journa of Accounting, Finance & Business, 2(3), 4–29. https://www.google.hr/url?sa=t&rct=j&q=&esrc=s&source=web&cd=11&ved=0ahUKEwjQ9_rYvvXNAhVBnBQKHYmiAMU4ChAWCBkwAA&url=http://www.accounting-management.ro/getpdf.php?paperid=5_2&usg=AFQjCNEB6QK3pVofyIqYLU-LYo7EL8ESeg&sig2=GwfoeWXvkv3s6dP_UbfdiQ&bvm=bv.127178
Martin, K. R., Richardson, F., & Brown, B. (2002). The Effect of Accounting Method Choice on Earnings Quality : A Study of Analysts ’ Forecasts of Earnings and Book Value The Effect of Accounting Method Choice on Earnings Quality : A Study of Analysts ’ Forecasts of Earnings and Book Value.
Meulen, S. Van der, Gaaremynk, A., & Wilekens, M. (2006). Attribute Differences Between US GAAP And IFRS Earnings: An Exploratory Syudy. May.
Nina, Basri, H., & Muhammad Arfan. (2014). Pengaruh Volatilitas Arus Kas, Volatilitas Penjualan, Besaran Akrual, Dan Financial Leverage Terhadap Persistensi Laba Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Program Pascasarjana Unsyiah, 3(2), 1–12.
Ocak, M. (2019). The Impact of Intangible Assets and Sub-Components of Intangible Assets on Sustainable Growth and Firm Value : Evidence from Turkish Listed Firms. 5–7.
Olsson, T. M. (2014). Productivity loss, victim costs and the intangible costs of crime: Followup to a longitudinal study of criminal justice system involvement and costs of women with co-occurring substance abuse and mental disorders in Sweden. Mental Health and Substance Use: Dual Diagnosis, 7(2), 102–109. https://doi.org/10.1080/17523281.2013.806344
Pagalung, G. (2006). Kualitas informasi laba: Faktor-faktor penentu dan konsekuensi ekonominya. Universitas Gajah Mada.
Purnama, H. W., & Daljono. (2013). Pengaruh Ukuran Perusahaan, Rasio Leverage, Intensitas Modal, Dan Likuiditas Perusahaan Terhadap Konservatisme Perusahaan ( Studi Pada Perusahaan Yang Belum Menggunakan Ifrs ). 2, 1–11.
Rahman, M. Z., & Scapens, W. R. (1988). Financial reporting by multinational enterprises: Accounting policy choice in a developing country. Journal of Accounting and Public Policy, 7, 29–42.
Ross, S. A., Westerfield, R. W., & Jordan, B. D. (2010). Fundamentals of Corporate Finance. In Journal of Chemical Information and Modeling (9th ed., Vol. 53, Issue 9). McGraw-Hill Companies.
Schipper, K., & Vincent, L. (2003). Earning Quality.
Sekaran, U. (2013). Research Method for Business (6th ed.). Wiley.
Sholihin, M., & Ratmono, D. (2020). Analisis SEM - PLS dengan WarpPLS 7.0 untuk Hubungan Nonlinier dalam Penelitian SOsial dan Bisnis. Penerbit ANDI.
Skinner, D. J. (2013). Recommendations Accounting for intangibles – a critical review of policy recommendations. September, 37–41. https://doi.org/10.1080/00014788.2008.9663332
Subiyanto, B., Ghozali, I., & Darsono. (2021). Empirical Study of the Relationship between Managerial Accounting Discretion and Innate Factors with the Quality of Financial Reporting. A.S.B.L Degres, 1983, 59–73. https://www.degres.be
Subramanyam, K. R. (2017). Financial Statement Analysis. Salemba EMpat.
Sukriyah, D. (2011). Analisis Pilihan Perusahaan Terhadap Akuntansi Konservatif. https://123dok.com/document/8ydv0n6y-analisis-pilihan-perusahaan-terhadap-akuntansi-konservatif.html?utm_source=search_v3
Susanto, B., & Ramadhani, T. (2016). Faktor-Faktor yang Memengaruhi Konservatisme (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI 2010-2014). Eduprof : Islamic Education Journal, 2(2), 162–186. https://doi.org/10.47453/eduprof.v2i2.38
Tasios, S., & Bekiaris, M. (2012). Auditor’s Perceptions of Financial Reporting Quality: The Case of Greece. International Journal of Accounting and Financial Reporting, 2(1), 57. https://doi.org/10.5296/ijafr.v2i1.1286
Tsoncheva, G. (2014). Measuring and assessing the quality and usefulness of accounting information. Izvestia - Journal of University of Economics, 1, 52–64.
Waweru, N., Prot Ntu, P., & Mangena, M. (2011). Determinants of different accounting methods choice in Tanzania: A positive accounting theory approach. Journal of Accounting in Emerging Economies, 1(2), 144–159.
Yadiati, W., & Abdulloh, M. (2017). Kualitas Pelaporan Keuangan Kajian Teoritis dan Empiris (1st ed.). Kencana.
Yanto, S., & Metalia, D. (2017). Peranan earning management, intensitas modal , leverage, dan gcg terhadap kualitas laba. 5(1), 36–46.
Yurisandi, T., & Puspitasari, E. (2015). Financial Reporting Quality - Before and After IFRS Adoption Using NiCE QUalitative Characteristic Measurement. 211, 644–652. https://doi.org/10.1016/j.sbspro.2015.11.091
Yusrina, H., Mukhtaruddin, M., & Fuadah, L. (2017). International Financial Reporting Standards Convergence and Quality of Accounting Information: Evidence from Indonesia. International Journal of Economics and Financial Issues, 7(4), 433–447. http://dergipark.gov.tr/ijefi/issue/32006/353574
Zéghal, D., & Maaloul, A. (2011). The accounting treatment of intangibles – A critical review of the literature. 35, 262–274. https://doi.org/10.1016/j.accfor.2011.04.003
Zhang, N. (2017). Relationship between intangible assets and financial performance of listed telecommunication firms in China , based on empirical analysis. 11(24), 751–757. https://doi.org/10.5897/AJBM2017.8429